KYIV, Aug 13 - In its August report, the U.S. Department of Agriculture (USDA) increased the forecast for the wheat crop in Ukraine in the 2024/2025 marketing year (MY, July 2024/June 2025) by 10.8% - to 21.6 million tons, and exports - by 7.7%, to 14 million tons.

Analysts also revised upward domestic consumption of wheat in Ukraine by 10.5% - to 7.4 million tons. Ukraine will enter the season with ending stocks of 770,000 tons, while a month earlier they amounted to 1.08 million tons. The USDA expects that by the end of the 2024/2025 MY, the country will have 1.05 million tons of wheat, which is 9.4% higher than the July forecast.